Unmind
Unmind's team
- London-based startup Unmind just raised a $10 million Series A from Project A and Felix Capital.
- The company utilizes a tech led, digital approach to mental health provision in the workplace.
- "We live in a world where there is a totally unacceptable level of stigma around mental health," Dr Nick Taylor, CEO and cofounder of Unmind told Business Insider in an interview. "The negative impact on companies of poor mental health on companies is massive and we want to help change that."
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London-based startup Unmind just raised a $10 million Series A from Project A and Felix Capital.
The company utilizes a tech led, digital approach to mental health provision in the workplace. The funding is one of the largest Series A for a European mental health tech business.
"We live in a world where there is a totally unacceptable level of stigma around mental health," Dr Nick Taylor, CEO and cofounder of Unmind told Business Insider in an interview. "The negative impact on companies of poor mental health is massive and we want to help change that."
Mental health costs are estimated at $650 million in Europe according to the OECD while in England alone, the Department of Health estimates that the cost of mental illness to employers is £105 billion ($136 billion). And that's not including the human cost of mental illness.
Unmind's premise is that prevention is better than cure, the platform focuses on helping employees get the most from their personal and professional life. The company's CEO is a trained clinical psychologist who has worked with mental health charities in the past. Unmind, founded in 2016, is accessible by more than 350,000 employees currently.
Available anytime, anywhere, employees can measure and then manage their mental health by accessing tools and training related to sleep, nutrition, and work related street based on their individual needs. Current Unmind clients include companies like British Airways, Asos, law firm Slaughter and May, Just Eat and John Lewis.
The startup has now raised a total of $14.7 million from investors and will use the funding to continue its growth plans, including hiring and improved products.
"Mental health is the most incredible asset you have as a human being and learning that you can engage positively with it is most important thing," Taylor added. "We're very excited by mission we have to improve the mental health of 10 million people worldwide and this funding will help us to be a leader in this field."
Check out Unmind's pitch deck below: